INDUSTRIAL GROWTH OF THE U.S. 1. Growth of Industrialization----1865 to 1900 Why? Factors in place Railroad industry Distribution System Symbol of growth Government assists industry ---- 1860 to 1880 laissez faire economy Laws to promote industry: Morrill Tariff of 1861

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End railroad corruption of charging high prices to ship goods and Rockefeller’s illegal deals.

Rebates/kickbacks/drawbacks were illegal.

In 1890, Congress passed a law which made trusts/monopolies illegal or any business that prevented fair competition.

Interstate Commerce Act(1887)

ShermanAntitrust Act(1890)

To regulate means the US Government would make laws to oversee, adjust, fine tune and correct the unfair business tactics in industry and big business. Not take over or control it because that would violate laissez faire.

“All persons born in the U.S. are citizens of this country and the state they reside in. No state shall make or enforce any law which deprives any person of life, liberty, or property, without due process of law, nor deny to any person with its jurisdiction to the equal protection of the laws.”

Industrialists would use the 14th Amendment as a way to defend a corporation from the Sherman Anti-Trust Act.

“The old familiar relations between employer and employee were passing. A few generations before, the boss had known every man in his shop. He called his men by their first names, asked about the family and swapped jokes and stories with them. Today, you have large factories, the personal touch is gone!”

The fruits of the toil of millions are boldly stolen to build up colossal fortunes for a few…and the possessors of these, in turn despise the Republic and endanger liberty. From the same prolific womb of government injustice we breed the two great classes---tramps and millionaires.

The wealthy would manifest itself in an elite class of Americans who lived extravagant lifestyles. Many common people resented their snobbish attitudes and wealth. In some respects, there was a caste system in the U.S.

1861---------3 millionaires----------1900--------3,800

By 1900, 90% of the wealth in the U.S. was controlled by 10% of population.